State Of The Economy 2015

Racing ahead, slowly

Though market sentiment and the general business environment has improved, key concerns remain unaddressed

Exactly a year ago, the business sentiment across industrial clusters in the country was so depressing that not a single optimistic voice could be heard. Coupled with rising costs and shrinking margins, the uncertainty in the economic environment left many entrepreneurs worried about their collective future. Cut to 2015 and we are happy to report that the situation is much better. In their travels to nine industrial clusters across the country — Aurangabad and Chakan, Baddi, Kishangarh, Morbi, Naroda, Noida and Faridabad, Sriperumbudur, Tiruppur and Karur and Visakhapatnam — Outlook Business’ reporters found the general mood to be hopeful and, in some cases, clearly optimistic. Orders are materialising and there is willingness to make investments in what they think is a more stable environment.